I have been patiently waiting for a Nasdaq correction since the start of this year 2021 to build up our technology stocks position. As the Nasdaq stock market dip became more significant over the last 2 weeks, we have been gradually investing into US technology stocks and ETFs such as:
- Sea Ltd
- Nio Inc
- Palantir Technologies
- Unity Software
- PayPal
- Invesco QQQ ETF
- Ark Innovation ETF
- Ark Fintech Innovation ETF
We also transferred cash into our OCBC RoboInvest portfolios that have technology based ETFs for investment. As of today, the size of this technology stocks position is about S$50,000. We maintain a large cash balance to invest during such stock market dips but there is no need to rush into building up our technology stocks position quickly.
After all, their prices could continue to fall further and we can use up more of our cash to invest then. If the technology stocks rebound from here, then we would have a...
